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Saxo announces new order execution model for FX and CFD Indices

First Published 27th September 2016

Saxo Bank is launching a new order driven execution model for FX Spot, FX Forwards and CFDs on Indices and Commodities.

The order driven model, which is currently in testing and will be launched in November, will provide clients with executable prices based on Saxo's own liquidity as well as the liquidity available on a DMA basis in the broader market.

In addition to offering executable prices, the new order model will help clients to have greater control and transparency over their orders. These include user defined price tolerances, and price improvements will be passed on to clients, while allowing for partial fills.